HR Project Manager Transformation & Restructuring: company sale, transfer of operations, closure of operations
in the role of HR Project Manager
Branch:
- High-tech plant engineering
- Financial Services
- Bank
- Insurance
- Asset Management
Turnover:
300 Mio €
Number of employees:
850 employees
Situation in the company:
Restructuring
Company headquarters:
Munich
Area of responsibility (budget / employees):
- Budget: upon request
- approx. 20 employees
Order:
- Project Manager Transformation & Restructuring
- Sale of a company, transfer of a business, closure of a business
Measures:
- Partial transfer of operations (§613a) of individual functions/units to other Group units
- Company sale (share deal) of facility management companies to different external service providers (3 companies with approx. 300 employees)
- Relocation / closure of property management units (Berlin, Frankfurt)
- Significant downsizing of property management units (Düsseldorf, Hamburg)
- Management and cooperation with external consultants/law firms/partners (Boston Consulting Group / Hogan Lovells)
Successes:
- Implementation of the corporate strategy
- Rightsizing of the personnel cost structure
- Cost savings of in-house restructuring vs. further divestments of parts of the company
Special challenge in the project:
- Complexity of the transaction and speed of the restructuring
- Large number of external and (Group) internal stakeholders
- Involvement of 7 different works council committees
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